$OPEN asymmetric risk/reward

5月7日

- Market cap is super low and rate cuts could fuel a multi bagging opportunity
- Risk of going bankrupt is not a concern for at least 2 years.
- Good R/R for a swing.

5月17日

註釋

With rate cuts, it's CVNA 2.0 in the making. OPEN book value at this point is more than the market cap.

P/S 0.11
Book/sh 0.89
P/B 0.88
Cash/sh 0.95
P/C 0.82
EPS this Y 35.84%

Efficient market lol

5月19日

註釋

- Has introduced agent led listing which is hybrid strategy along with cash offers program which will be capital light way of taking the cut as a middleman for providing leads.

- For Sellers, who want to prioritize liquidity and ease of getting cash offers asap. They can use IBuying to get rid of their property.

- For Sellers, who want to penny pinch on their listing can list it via agent route in this OPEN will take a cut for referring leads.

5月21日

註釋

- Based on 13 F filings, lot of institutional investors are accumulating $OPEN.
- Summer is seasonally best time for housing.

5月21日

註釋

- Add on dips, It should at least be above $2.5-3 based on asset it has.
- Management is trying to diversify the business model from just Ibuying which should re-rate the stock higher if they just execute.

5月26日

註釋

- OPEN chart looks similar to CLOV where it got revived from being dead company now to hope stage.
- Market is neglecting the fact that OPEN is planning to move to asset light model for ex allowing agents to list.

5月28日

註釋

Based on fibonacci retracement:

Target Points:

0.236 -> 1.67
0.382 -> 2.30
0.5 -> 2.81
0.618 -> 3.32
0.786 -> 4.05
1 -> 4.97
1.68 -> 7.64